The asset management industry is gearing up for a wave of merger and acquisition activity, as a number of private banks are seeking purchases, according to a recent report from KPMG.

The research released by KPMG shows that a third of private banks worldwide have implemented a strategy that calls for an acquisition in the next three years. Those firms looking to ink a deal expect to achieve a third of their overall growth from acquisitions.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.